The AfDB has been urged to partner with continental and international entities to ramp up funds for mitigation and adaptation to tackle climate change
The U.S. dollar and oil prices are frequently inversely related due to the fact that oil is priced in dollars which makes it relatively more expensive to buy with other currencies.
The Group of Seven urged OPEC to pump more oil, even as it made new pledges to try to fight climate change.
The current market situation was attributed to a disruption in supply following moves to ban Russian oil by the European Union
The “Scaling-up renewable energy Programme (SREP),” is to close Ghana’s 12.8 percent electricity reach deficit by increasing access to clean and reliable energy and support socioeconomic development.
Analysts said the inventory draw and the prospect of an EU embargo on Russian oil were pushing prices higher
Oil prices edged up on Wednesday on expectations that easing COVID-19 restrictions in China will push up demand and as industry data showed drawdowns in U.S crude inventories. Brent crude was up 23 cents, or 0.2%, at US$112.16 a barrel at 0633 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 71 cents, or 0.6%, to […]
The company, which operates under an exclusive 15-year concession agreement from the Ghanaian Government on an
open-access basis, is jointly owned by Mining Oil & Gas Services of South Africa (65%) and Tema Oil Refinery (35%).
The National Petroleum Authority (NPA) has ruled out reports of diesel shortage on the market, insisting, the country has adequate stocks to last for more than two weeks. It follows reports that some Oil Marketing Companies (OMCs) are struggling to secure diesel from Bulk Oil Distribution Companies. This resulted in shortages at some service stations […]
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